Astrazeneca Company

Britain's AstraZeneca said U.S. prosecutors demanded documents related to the status of the company's ulcer medicines, Prilosec and Nexium, on the lists of drugs covered by health plans. The U.S. attorney's office for the Eastern District of Pennsylvania is probing the billing practices of insurers and pharmacy-benefit managers.

AstraZeneca said U.S. regulators had approved a new once-daily version of its Seroquel schizophrenia drug. Seroquel is the London-based company's second-biggest-selling drug, with global sales of $3.4 billion last year. Analysts said Food and Drug Administration approval of Seroquel XR was important to extend the life cycle of the family of drugs. The new version of the drug is under patent until 2017.

The Food and Drug Administration approved the cholesterol-lowering drug called Crestor after long debate about the risk of side effects. Made by AstraZeneca Pharmaceuticals, Crestor, a statin, comes with a warning about taking higher-than-recommended doses, which have contributed to rare cases of a potentially fatal, muscle-destroying condition called rhabdomyolysis.

The announcement by Bristol-Myers Squibb Co. and AstraZeneca on Thursday that they will share the risks and rewards of developing two diabetes drugs highlights how expensive and precarious the route to product approval can be. By joining forces, the companies lower the financial risks of drug development at a time when numerous high-profile products haven't proved effective in late-stage clinical trials. Under the deal, AstraZeneca will pay as much as $1.

AstraZeneca said U.S. regulators had approved a new once-daily version of its Seroquel schizophrenia drug. Seroquel is the London-based company's second-biggest-selling drug, with global sales of $3.4 billion last year. Analysts said Food and Drug Administration approval of Seroquel XR was important to extend the life cycle of the family of drugs. The new version of the drug is under patent until 2017.

AstraZeneca and Merck & Co. said the Food and Drug Administration approved six-month extensions of exclusive marketing rights for Lisinopril, a heart drug that each company sells in the U.S. under a different name. The FDA granted the additional protection until June 29 after each company supplied the agency with research on the use of the drug in children. AstraZeneca sells the drug as Zestril and Merck sells it as Prinivil.

AstraZeneca has received its second warning in four months from the U.S. Food and Drug Administration over what the agency says are misleading claims in its ads for cholesterol-lowering medicine Crestor, the company said in New York. The latest letter said claims that Crestor lowers cholesterol better than Pfizer Inc.'s Lipitor were misleading because it cherry picked results from a study comparing the two medicines.

AstraZeneca persuaded a federal judge to dismiss two antitrust lawsuits filed by consumers who accused the drug maker of filing patent infringement claims to block generic competition to Prilosec. U.S. District Judge Jed Rakoff said the plaintiffs failed to prove that AstraZeneca's suits against 10 generic-drug makers were sham litigation designed to thwart competition to the heartburn drug. The antitrust lawsuits were filed last year on behalf of consumers and union insurance plans.

LONDON -- AstraZeneca, Merck & Co., Bristol-Myers Squibb Co. and Schering-Plough Corp. on Thursday reported that third-quarter earnings fell as the arrival of cheaper generic drugs took sales and orders away from their top-selling medications. AstraZeneca, Europe's second-largest drug maker, said net income dropped 5% as demand for the ulcer treatment Prilosec declined in anticipation of generic rivals in the U.S. next year.

AstraZeneca won Food and Drug Administration approval of its Crestor cholesterol-lowering drug, increasing competition for the world's top-selling medicine, Pfizer Inc.'s Lipitor. AstraZeneca is readying a marketing campaign for Crestor that some estimate will cost about $1 billion. Crestor worked better than other cholesterol drugs in some tests, and London-based AstraZeneca will stress this as Crestor competes with drugs that doctors already know well, analysts said. With U.S.

British drug maker AstraZeneca didn't deceive consumers about the benefits of its Nexium heartburn medication, a federal judge ruled as she threw out a class-action lawsuit against the company. U.S. District Judge Sue Robinson in Wilmington, Del., granted AstraZeneca's motion to dismiss the case after finding that statements made in advertising were consistent with the label approved by the Food & Drug Administration.

AstraZeneca will pay as much as $340 million to Avanir Pharmaceuticals to develop experimental heart-disease treatments. The companies will work to develop medicines from so-called reverse cholesterol transport enhancing compounds, which may allow the body to reverse damage to blood vessels, AstraZeneca said. AstraZeneca will pay $10 million now with as much as $330 million linked to the experimental drugs meeting development goals, the companies said.

AstraZeneca's Crestor cholesterol drug may have triggered a temporary weakening in a 67-year-old woman's heart, Mayo Clinic doctors said in a letter published in the Annals of Internal Medicine. Kidney and muscle complications from Crestor may have caused the woman's heart to pump about a fifth as much blood as normal on each beat, James Ireland, a Mayo Clinic doctor, said in Rochester. He was one of four authors of the letter, published under the heading "Clinical Observation."

AstraZeneca has received its second warning in four months from the U.S. Food and Drug Administration over what the agency says are misleading claims in its ads for cholesterol-lowering medicine Crestor, the company said in New York. The latest letter said claims that Crestor lowers cholesterol better than Pfizer Inc.'s Lipitor were misleading because it cherry picked results from a study comparing the two medicines.

Britain's AstraZeneca said U.S. prosecutors demanded documents related to the status of the company's ulcer medicines, Prilosec and Nexium, on the lists of drugs covered by health plans. The U.S. attorney's office for the Eastern District of Pennsylvania is probing the billing practices of insurers and pharmacy-benefit managers.

The Food and Drug Administration approved the cholesterol-lowering drug called Crestor after long debate about the risk of side effects. Made by AstraZeneca Pharmaceuticals, Crestor, a statin, comes with a warning about taking higher-than-recommended doses, which have contributed to rare cases of a potentially fatal, muscle-destroying condition called rhabdomyolysis.

In a move that could tempt rivals to follow suit, Swiss pharmaceutical company Novartis and its British-Swedish rival AstraZeneca said Thursday that they would spin off and merge their agricultural-chemical units. Analysts have been forecasting consolidation of the $30-billion-a-year agrochemical industry for weeks. Prices and profits have come under pressure due partly to the Asian economic slump and falling crop prices.

Barr Laboratories Inc. must delay introducing its version of AstraZeneca's tamoxifen cancer drug, the Food and Drug Administration said. The maker of generic drugs said it would sue the agency. Barr sells tamoxifen through an agreement with AstraZeneca and had hoped to introduce its formula Aug. 20. The FDA ruling would postpone that to February.

AstraZeneca won Food and Drug Administration approval of its Crestor cholesterol-lowering drug, increasing competition for the world's top-selling medicine, Pfizer Inc.'s Lipitor. AstraZeneca is readying a marketing campaign for Crestor that some estimate will cost about $1 billion. Crestor worked better than other cholesterol drugs in some tests, and London-based AstraZeneca will stress this as Crestor competes with drugs that doctors already know well, analysts said. With U.S.

AstraZeneca's cholesterol-lowering drug Crestor got unanimous backing from a U.S. advisory panel, clearing a major hurdle for the company's biggest new drug hope. The Food and Drug Administration panel voted 9 to 0 to recommend that the agency approve doses ranging from 5 to 40 milligrams. The FDA usually follows its panels' advice. Analysts have said Crestor's peak sales may hit $3 billion worldwide. The FDA is expected to make a decision by Aug. 12, the company said.